Nigeria
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BUA Foods posts 101% profit surge as revenue hits US$989M
The company’s unaudited results released to the Nigerian Exchange Ltd. (NGX) show gross profit climbed 56 %, while profit before tax surged 101 %.
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Nigerian rice prices fall by 32% due to oversupply, weakening supplier margins: Platts
The sharp fall in Nigerian market prices is squeezing traders who held long positions earlier in the year expecting carry-over Q2-Q3 price strength.
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BIPC commissions third bread factory in Nigeria to boost local economy
The establishment of Gboko Bakery is expected to drive economic recovery by fostering small-scale production and expanding job creation, both direct and indirect.
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Nigeria moves to establish National Rice Council to boost self-sufficiency
Rice shortfall in Nigeria has left the country reliant on imports valued at nearly US$2 billion annually.
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Nigerian Bottling Company launches Plazma biscuit brand
Plazma’s entry into the Nigerian market reflects a broader corporate strategy by NBC and its affiliates to diversify their product offerings and adapt to shifting consumer preferences, favoring convenient, quality snack foods.